The trading volume of stablecoin RLUSD has surged, indicating the growing acceptance and usage of RLUSD in the market.
As a result of significant changes in the #cryptocurrency landscape, the trading volume of Ripple's stablecoin RLUSD has increased by 106% in the last 24 hours.
This is according to the latest data from CoinMarketCap.
RLUSD's trading volume reached approximately $39 million in just one day, reflecting strong user demand.
This impressive surge in trading demonstrates the growing popularity of stable coins and traders' confidence in their stability and utility. RLUSD/USDC accounts for the bulk of the trading volume on Bullish - about 55.02% of the total number of trades.
In addition, the BTC/RLUSD pair accounted for 23.15% of the total trading volume, while the XRP/RLUSD pair accounted for 12%.
Such diverse trading pairs increase liquidity and trading volume. Such diverse trading pairs increase the liquidity and availability of RLUSD on various platforms.
Ripple's RLUSD stub coin is pegged 1:1 to the U. S. dollar and is designed for use on both the #XRP #Ledger and Ethereum networks.
dual issuance allows RLUSD to be used for a wide range of applications, including cross-border payments and decentralized banking solutions.
Stablecoin - December 17, 2024, Uphold, MoonPay and CoinMENA,
After the initial launch, RLUSD took an important step forward by moving to the Bullish platform on December 24, 2024.
the addition of these trading pairs will not only expand RLUSD's reach, but also increase competitive rates. On the same day as the launch of
Bullish, RLUSD also debuted on Independent Reserve, Singapore's first cryptocurrency exchange to list stablecoins.
This is an important milestone not only for #XRP Ledger, but also for the entire Ripple payments ecosystem. Seeking to explore
the recent surge in trading volumes of Ripple's stablecoin RLUSD indicates its growing popularity in the cryptocurrency market.
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